InterManager Daily News 17.05.2021.

1. Great Eastern Shipping Company Acquires Secondhand Supramax Bulk Carrier ‘Jag Rajiv’
Great Eastern Shipping Company has taken delivery of a 2013 built Japanese secondhand Supramax Bulk Carrier Jag Rajiv of about 56,103 dwt. The Company had contracted to buy the vessel in Q4 FY21. Including this vessel, the Company’s current fleet stands at 47 vessels, comprising 33 tankers (9 crude carriers, 18 product tankers, 6 LPG carrier) and 14 dry bulk carriers with an average age of 11.98 years aggregating 3.72 mn dwt. https://www.shippingtribune.com/news/shipping/Great+Eastern+Shipping+Company+acquires+secondhand+Supramax+Bulk+Carrier+‘Jag+Rajiv’

2. Mitsubishi Shipbuilding holds christening and launch ceremony in Shimonoseki for Large Ferry Built for Meimon Taiyo Ferry
Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group based in Yokohama, held a christening and launch ceremony today (May 13th) for the first of two large ferries being built for Japan Railway Construction, Transport and Technology Agency (JRTT) and Meimon Taiyo Ferry Co., Ltd. The ceremony took place at the Enoura Plant at MHI’s Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture. https://cyprusshippingnews.com/2021/05/14/mitsubishi-shipbuilding-holds-christening-and-launch-ceremony-in-shimonoseki-for-large-ferry-built-for-meimon-taiyo-ferry/

3. The Nautical Institute publishes new edition of Bridge Watchkeeping
Human error leads to many navigation-related shipping casualties. Between 2015 and 2020, 71 were recorded, each incurring insurance claims of more than $10 million. These incidents caused significant damage to vessels, cargoes, the environment and the reputations of companies and the shipping industry, and some of them cost lives. All who have responsibility for ships, their cargoes and crews therefore have a vested interest in promoting best practice in watchkeeping. https://cyprusshippingnews.com/2021/05/14/the-nautical-institute-publishes-new-edition-of-bridge-watchkeeping/

4. COSCO SHIPPING Ports successfully launches Green Finance Framework
COSCO SHIPPING Ports, the world’s leading ports operator, today announced the launch of its green finance framework (the “Framework”), which has successfully passed the verification by Hong Kong Quality Assurance Agency (“HKQAA”), demonstrating the Company’s commitment in driving green development. https://cyprusshippingnews.com/2021/05/14/cosco-shipping-ports-successfully-launches-green-finance-framework/

5. Singapore and Rotterdam successfully complete trial with electronic bill of lading
Singapore and the Netherlands have collaborated since 2019 to explore electronic bills of lading (eBL) on the Europe-Far East trade lane where Singapore and Rotterdam are two major transhipment ports. This trial demonstrated that an eBL issued by one platform could be verified and processed by another digital trade platform. Before we can start making extensive use of this new option, countries will need to adapt their legislation to accept an electronic bill of lading (eBL) as legally valid in addition to conventional hard copies. https://cyprusshippingnews.com/2021/05/14/singapore-and-rotterdam-successfully-complete-trial-with-electronic-bill-of-lading/

6. Fire Out on Golden Ray Wreck
The fire inside the Golden Ray wreck in St. Simons Sound near the Port of Brunswick was out as of Friday evening, the incident command confirmed. “Early this evening our firefighting teams successfully put out the fire inside the Golden Ray wreck,” said U.S. Coast Guard Cmdr. Efren Lopez, federal on-scene coordinator. “Safety is our highest priority and every member of the response displayed tremendous commitment to ensuring that emergency plans were followed during the entire fire fighting and evacuation evolution.”
https://gcaptain.com/fire-out-on-golden-ray-wreck/

7. Cruise Lines Gain as Senate Advances Bill Resuming Alaskan Trips
Cruise-line stocks led by Norwegian Cruise Line Holdings Ltd. climbed Friday after the Senate passed legislation to help the companies resume sailings to Alaska, a key destination for the industry during the North American summer.
Norwegian was up as much as 7.4% to $28.39 in New York, its biggest gain in three weeks. Carnival Corp., the industry leader, rose as much as 7.1%, while Royal Caribbean Cruises Ltd. gained as much as 6.9%. https://gcaptain.com/cruise-lines-gain-as-senate-advances-bill-resuming-alaskan-trips/

8. Big ships, demanding conditions, and occasional accidents
While the amount demanded by the waterway authority has been reduced by about one third, indicating some movement, it might be suggested that there is some distance to go, and one must hope that the crew of the arrested vessel don’t end up as the newest members of the Great Bitter Lakes’ Association. This it may be recalled is the society formed by the crews of the ships which spent many years in that location, when the canal was closed in the 1970s. https://www.seatrade-maritime.com/opinions-analysis/big-ships-demanding-conditions-and-occasional-accidents

9. Capesize Declines Drag Baltic Index To Worst Week In Over 3 Months
The Baltic exchange’s main sea freight index fell on Friday and registered its worst week in more than three months, weighed by a dip in the capesize segment. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 138 points, or 4.5%, to 2,939, the lowest level since April 27. https://www.shippingtribune.com/news/shipping/Capesize+declines+drag+Baltic+index+to+worst+week+in+over+3+months

10. India Covid Crisis Hits Work At Ports As Risk To Trade Grows
India’s devastating Covid-19 crisis is threatening operations at some of its biggest ports, raising concern the action could trigger shipping delays that reverberate through global supply chains. Karaikal Port in southern India invoked force majeure until May 24 after operations were “severely affected” from the pandemic, according to a notice on its website. The terminal, which claims to be India’s biggest non-state port, handles coal, sugar and petroleum among other commodities. Gopalpur port in Odisha has also declared force majeure, according to IHS Markit. https://www.shippingtribune.com/news/shipping/India+covid+crisis+hits+work+at+ports+as+risk+to+trade+grows

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